Huya Inc. (HUYA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.08	$0.16	+100.0%	—	$1.7B	—
Q1 26	$0.03	$0.09	+200.0%	—	$1.7B	—
Q4 25	$0.15	-$0.04	-126.7%	—	$1.7B	—
Q3 25	$0.21	$0.16	-23.8%	—	$1.7B	—
Q2 25	$0.14	$0.21	+50.0%	—	$1.6B	—
Q1 25	-$0.01	$0.1	+1100.0%	—	$1.5B	—
Q4 24	$0.27	$0.01	-96.3%	—	$1.5B	—
Q3 24	$0.27	$0.34	+25.9%	—	$216.7M	—
Q2 24	$0.55	$0.41	-25.5%	—	$1.5B	—
Q1 24	$0.17	$0.39	+129.4%	—	$1.5B	—
Q4 23	-$0.09	-$0.79	-777.8%	—	$1.6B	—
Q3 23	-$0.14	$0.42	+400.0%	—	$1.7B	—
Q2 23	$0.05	$0.47	+840.0%	—	$1.8B	—
Q1 23	$0.01	$0.35	+3400.0%	—	$2B	—
Q4 22	-$1.83	-$1.81	+1.1%	—	$2.1B	—
Q3 22	-$0.27	$0.44	+263.0%	—	$2.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.49	—	—	$6.5B	—
FY24	—	-$0.21	—	—	$6.1B	—
FY23	—	-$0.84	—	—	$7B	—
FY22	—	-$2.02	—	—	$9.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$796.9M	$2.2B	$4.7B	$8.4B	$10.9B	$11.4B	$9.3B	$7B	$6.1B	$6.5B
YoY change	—	+174.2%	+113.4%	+79.6%	+30.3%	+4%	-18.4%	-24.5%	-13.1%	+6.96%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	796.9M	2.2B	4.7B	8.4B	10.9B	11.4B	9.3B	7B	6.1B	6.5B
Cost of revenue	1.1B	1.9B	3.9B	6.9B	8.6B	9.8B	8.6B	6.2B	5.3B	5.6B
Gross profit	-297.7M	255M	729.8M	1.5B	2.3B	1.6B	653.6M	815.2M	809.5M	872.1M
Gross margin	-37.4%	11.7%	15.6%	17.7%	20.8%	14.1%	7.06%	11.7%	13.3%	13.4%
Research & development	188.3M	170.2M	265.2M	508.7M	734.3M	818.9M	684.4M	578.6M	512.6M	496.7M
Selling, general & administrative	140.1M	189.3M	476.9M	791.2M	1B	1.1B	871.7M	761.4M	528.9M	575.4M
Operating expenses	328.4M	349.8M	703.1M	1.2B	1.5B	1.6B	1.4B	1.3B	999M	1B
Operating income	-626.1M	-94.9M	26.7M	261.4M	725M	-30.2M	-736.2M	-443.6M	-189.6M	-162.5M
Operating margin	-78.6%	-4.34%	0.57%	3.12%	6.64%	-0.27%	-7.95%	-6.34%	-3.12%	-2.5%
Non-operating income, net	—	—	-2.3B	1.2M	-5.8M	42.7M	-84.8M	-227.4M	-236.3M	-125.4M
Pretax income	-625.6M	-80.8M	-2.1B	567M	1B	259.5M	-522.8M	-191.3M	-34.5M	-97.1M
Income tax	0	0	-50.9M	96.1M	176.8M	55.2M	24.4M	13.2M	13.5M	12.8M
Net income	-625.6M	-81M	-1.9B	468.2M	884.2M	583.5M	-547.7M	-204.5M	-48M	-112.6M
Net margin	-78.5%	-3.71%	-41.6%	5.59%	8.1%	5.14%	-5.91%	-2.92%	-0.79%	-1.73%
EBITDA	-621.6M	-87.2M	2.3B	348M	851.9M	52.2M	-507.9M	-75.8M	160.7M	70.9M
EPS	-5.66	-1.01	-15	2.18	3.89	2.45	-2.02	-0.84	-0.21	-0.49
Diluted EPS	-5.66	-1.01	-15	2.02	3.71	2.41	-2.02	-0.84	-0.21	-0.49

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.7B	1.6B	1.5B	1.5B	216.7M	1.5B	1.5B	1.6B	1.7B	1.7B	1.7B	1.7B
Cost of revenue	1.4B	1.5B	1.3B	1.3B	188M	1.3B	1.3B	1.4B	1.5B	1.5B	1.5B	1.5B
Gross profit	242.8M	57.4M	220.5M	214.9M	28.7M	170.5M	188.5M	212.3M	226.6M	244.7M	253.2M	255M
Gross margin	14.6%	3.65%	14.7%	13.9%	13.2%	11.4%	12.5%	13.5%	13.4%	14.1%	14.6%	14.7%
Research & development	142.8M	140M	135.1M	128.7M	17.7M	123.3M	129.5M	122.2M	121.9M	123.1M	131.7M	120.4M
Selling, general & administrative	171.8M	265.9M	136.3M	125.4M	17.4M	143.9M	122.1M	121.4M	127.8M	204M	153.2M	149.4M
Operating expenses	274.4M	392.8M	259.1M	240.9M	33.2M	263.2M	248.1M	236M	240.9M	309.6M	281.9M	262M
Operating income	-31.6M	-335.4M	-38.5M	-26M	-4.6M	-92.7M	-59.6M	-23.7M	-14.3M	-64.9M	-28.8M	-7M
Operating margin	-1.9%	-21.3%	-2.56%	-1.69%	-2.1%	-6.2%	-3.95%	-1.51%	-0.85%	-3.73%	-1.67%	-0.4%
Non-operating income, net	-82.5M	-77.4M	-2.4M	-44.7M	-5.3M	-151.6M	-416K	-32.1M	-9.2M	-83.6M	-1.7M	-15.3M
Pretax income	14.4M	-283.1M	76.1M	31.8M	3.8M	-169.1M	4.9M	3.3M	11.1M	-116.3M	-165K	3.4M
Income tax	3.8M	1.5M	5.1M	2.2M	438.7K	3.1M	3.2M	7.4M	508K	1.7M	2.6M	1.8M
Net income	10.5M	-284.6M	71M	29.6M	3.3M	-172.2M	927K	-5.5M	9.6M	-117.6M	-4.1M	1.6M
Net margin	0.63%	-18.1%	4.72%	1.92%	1.54%	-11.5%	0.06%	-0.35%	0.57%	-6.76%	-0.24%	0.09%
EBITDA	51M	-258M	-36.1M	18.7M	731.7K	58.9M	-59.2M	8.4M	-5.1M	18.8M	-27.1M	8.2M
EPS	0.04	-1.14	0.3	0.13	0.1	-0.75	0	-0.02	0.04	-0.51	-0.02	0.01
Diluted EPS	0.04	-1.14	0.3	0.13	0.1	-0.75	0	-0.02	0.04	-0.51	-0.02	0.01

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	32.8B	12B	6.9B	6.5B	—	659.1M	659.1M
Enterprise value	—	—	—	—	22.4B	1.1B	-2.8B	-785.8M	—	-3.1B	-3.1B
Shares outstanding	801.7M	725M	1.2B	1.6B	1.6B	1.7B	1.8B	1.8B	231.5M	228.8M	228.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	37.1	20.5	—	—	—	—	—
P/S	—	—	—	—	3.01	1.06	0.75	0.93	—	0.1	0.1
P/B	—	—	—	—	3.36	1.14	0.61	0.61	—	0.13	0.13
EV/EBITDA	—	—	—	—	26.3	21.2	5.44	10.4	—	-44.3	-44.3
EV/Sales	—	—	—	—	2.05	0.1	-0.3	-0.11	—	-0.48	-0.48
Earnings yield	—	—	—	—	2.69%	4.87%	—	—	—	—	—
FCF yield	—	—	—	—	2.47%	1.91%	-8.17%	-2.51%	—	-55.4%	-55.4%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	-37.4%	11.7%	15.6%	17.7%	20.8%	14.1%	7.06%	11.7%	13.3%	13.4%	13.4%
Operating margin	-78.6%	-4.34%	0.57%	3.12%	6.64%	-0.27%	-7.95%	-6.34%	-3.12%	-2.5%	-2.5%
Net margin	-78.5%	-3.71%	-41.6%	5.59%	8.1%	5.14%	-5.91%	-2.92%	-0.79%	-1.73%	-1.73%
ROE	380.6%	-134.5%	-34.3%	5.39%	9.04%	5.55%	-4.8%	-1.92%	-0.64%	-2.29%	-2.29%
ROA	-374.1%	-6.23%	-27.3%	4.12%	7.12%	4.4%	-3.97%	-1.58%	-0.5%	-1.68%	-1.68%
ROIC	235.8%	9.72%	-7.66%	-16.8%	-98.3%	6.47%	-42.5%	-13.3%	-8.12%	-14.5%	-14.5%
Return on tangible assets	-397.2%	-6.28%	-27.7%	4.15%	7.58%	4.46%	-4.39%	-1.75%	-0.58%	-2.03%	-2.03%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.49	1.82	4.78	4.33	4.73	4.63	4.66	3.77	3.14	2.84	2.84
Quick ratio	0.49	1.82	4.78	4.33	4.73	4.63	4.66	3.77	3.14	2.84	2.84
Debt / equity	—	—	0	0.01	0.01	0.01	0	0.01	0.01	0	0
Debt / assets	—	—	0	0.01	0.01	0.01	0	0.01	0.01	0	0
Net debt / EBITDA	—	—	-2.55	-28.7	-12.2	-208.5	19.1	96.1	-32.5	-53.6	-53.6
Effective tax rate	0%	0%	0%	16.9%	17.1%	21.3%	0%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.99	3.01	3.86	5.38	6.63	6.57	5.29	3.94	26.3	28.4	28.4
EPS (basic)	-5.66	-1.01	-15	2.18	3.89	2.45	-2.02	-0.84	-0.21	-0.49	-0.49
EPS (diluted)	-5.66	-1.01	-15	2.02	3.71	2.41	-2.02	-0.84	-0.21	-0.49	-0.49
Book value per share	-0.21	0.08	4.67	5.58	5.94	6.09	6.52	5.98	32.6	21.5	21.5
FCF per share	-0.53	0.27	0.49	1.2	0.49	0.13	-0.32	-0.09	-0.5	-1.59	-1.59
Cash per share	0.13	1.43	4.95	6.47	6.36	6.35	5.55	4.15	22.7	16.7	16.7
Capex per share	0	0.05	0.06	0.04	0.03	0.02	0.09	0.07	0.8	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	1.7%	1.6%	0.73%	0.49%	0.33%	1.68%	1.75%	3.06%	—	—
Capex / operating cash flow	-0%	14.6%	-6.35%	3.03%	4.14%	3.97%	-32.2%	-35.4%	-236%	—	—
Payout ratio	—	—	—	—	—	—	—	—	-6K%	-2.1K%	-2.1K%
Dividend yield	—	—	—	—	—	—	—	—	—	365.3%	365.3%

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.135

ex-dividend Jun 17, 2026

Payout ratio

-2139%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 17, 2026	$0.135
Jul 1, 2025	$1.47
Oct 9, 2024	$1.08
May 9, 2024	$0.66

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.7B	$1.6B	$1.5B	$1.5B	$216.7M	$1.5B	$1.5B	$1.6B	$1.7B	$1.7B	$1.7B	$1.7B
YoY change	-30%	-25%	-23.4%	-16.1%	-87%	-5.08%	+0.3%	+1.65%	+679.1%	+16.2%	+14.6%	+11%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	101.2M	1B	6B	10.1B	10.5B	11B	9.7B	7.4B	5.3B	3.8B
Receivables	2.9M	29.8M	43.8M	61.7M	71.2M	88M	84.2M	64.3M	76M	238.6M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	156.1M	1.3B	6.6B	10.6B	11.3B	11.9B	10.5B	8.2B	6.1B	4.9B
Property, plant & equipment	6.3M	32.3M	87.4M	199.5M	182M	475M	546M	705.8M	823.5M	908.4M
Goodwill & intangibles	9.7M	11.2M	104M	90.2M	746M	167.9M	1.3B	1.2B	1.2B	1.2B
Total assets	167.2M	1.3B	7.1B	11.4B	12.4B	13.3B	13.8B	12.9B	9.6B	6.7B
Accounts payable	2.7M	5.8M	9.2M	3.7M	10.1M	12.6M	22.5M	15M	66.6M	237.9M
Short-term debt	—	—	—	31.9M	29.2M	36.5M	29.8M	31.8M	28.6M	19M
Total current liabilities	319.9M	685.6M	1.4B	2.4B	2.4B	2.6B	2.3B	2.2B	1.9B	1.7B
Long-term debt	—	—	0	70.1M	57.6M	45.1M	8.6M	48.1M	20M	1.8M
Total liabilities	331.6M	1.2B	1.5B	2.7B	2.6B	2.7B	2.4B	2.3B	2B	1.8B
Shareholders' equity	-164.4M	60.2M	5.6B	8.7B	9.8B	10.5B	11.4B	10.6B	7.6B	4.9B
Total debt	—	—	0	102M	86.8M	81.6M	38.4M	79.9M	48.6M	20.7M
Net debt	—	—	-709M	-1B	-3.2B	-1.7B	-655.7M	-432.1M	-1.1B	-671.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	8.5B	7.4B	7.2B	6.6B	925.6M	5.3B	5.3B	3.5B	3.8B	3.8B	3.2B	2.5B
Receivables	66.4M	64.3M	74.4M	70.3M	12.7M	76M	111.9M	128.4M	164.6M	238.6M	340M	407M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	9.3B	8.2B	8.1B	7.6B	1.1B	6.1B	6.2B	4.5B	4.9B	4.9B	4.5B	3.6B
Property, plant & equipment	584.1M	705.8M	747.1M	770.1M	112.1M	823.5M	830.5M	836.4M	862.3M	908.4M	964.4M	985M
Goodwill & intangibles	39.8M	1.2B	1.2B	1.2B	165.2M	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B
Total assets	13.1B	12.9B	12.6B	11.3B	1.6B	9.6B	9.2B	6.6B	6.8B	6.7B	6.6B	6.3B
Accounts payable	19.4M	15M	35.4M	18.4M	9.6M	66.6M	24.3M	47.1M	235.4M	237.9M	384.6M	355.8M
Short-term debt	10.5M	31.8M	32.7M	32.5M	4.2M	28.6M	27.5M	21.8M	22M	19M	16.5M	11.7M
Total current liabilities	1.8B	2.2B	2.9B	1.8B	508.4M	1.9B	4B	1.5B	1.7B	1.7B	1.8B	1.6B
Long-term debt	8.4M	48.1M	41.4M	33.3M	3.5M	20M	14.1M	8.9M	2.9M	1.8M	12.8M	11.3M
Total liabilities	1.9B	2.3B	3.1B	1.9B	521.3M	2B	4.1B	1.6B	1.8B	1.8B	1.9B	1.6B
Shareholders' equity	11.2B	10.6B	9.5B	9.5B	1.1B	7.6B	5.2B	5B	5.1B	4.9B	4.7B	4.6B
Total debt	18.9M	79.9M	74.1M	65.8M	7.6M	48.6M	41.6M	30.7M	25M	20.7M	29.3M	22.9M
Net debt	-806.7M	-432.1M	-468.1M	-939.7M	-146.8M	-1.1B	-255.4M	-468.6M	-700.9M	-671.9M	-331.1M	-299.3M

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-625.6M	-81M	-1.9B	468.2M	884.2M	583.5M	-547.7M	-204.5M	-48M	-112.6M
Depreciation & amortization	4.5M	7.7M	35M	87.8M	131.2M	125M	143.6M	140.4M	114M	108M
Stock-based compensation	52.1M	40.1M	226.7M	281.7M	408.2M	289.7M	156.5M	78.3M	64.5M	73.6M
Change in working capital	156.7M	268.1M	549.8M	1.2B	-149.9M	-82.4M	-252.5M	-355M	-205.2M	-138.1M
Operating cash flow	-412.3M	254.9M	-1.2B	2B	1.3B	947.9M	-482.6M	-344.8M	-78.7M	-176.2M
Capital expenditure	-3K	-37.2M	-74.8M	-61.1M	-53.4M	-37.6M	-155.2M	-122.1M	-185.9M	—
Investing cash flow	-95M	-553.8M	-4.5B	-3.7B	1.4B	-1.8B	-840.1M	61.3M	3.7B	2.4B
Dividends paid	—	—	—	—	—	—	—	—	-2.9B	-2.4B
Share repurchases	—	—	—	—	—	0	0	-202.4M	-247.9M	-90.3M
Financing cash flow	522.8M	774.4M	4.1B	2.1B	0	0	0	-202.4M	-3.1B	-2.5B
Net change in cash	15.4M	475.6M	-1.6B	447.8M	2.7B	-873.8M	-1.3B	-486M	518.7M	-301.3M
Free cash flow	-421.6M	199.1M	590.1M	1.9B	811.7M	229.4M	-565.1M	-163.4M	-116.2M	-365M

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Huya Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement